XML 18 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:    
Net earnings (loss) $ 6.8 $ (8.8)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization 39.9 37.4
Insurance proceeds from Airedale fire 0.0 5.1
Gain on sale of facility (1.2) 0.0
Pension and postretirement expense 2.6 42.4
Deferred income taxes (9.1) (14.4)
Other - net 5.0 4.4
Changes in operating assets and liabilities:    
Trade accounts receivable 33.2 42.3
Inventories 0.0 (9.2)
Accounts payable (21.1) (19.9)
Other assets and liabilities (21.1) (13.9)
Net cash provided by operating activities 35.0 65.4
Cash flows from investing activities:    
Acquisition of Luvata HTS - net of cash acquired (363.9) 0.0
Expenditures for property, plant and equipment (46.0) (42.3)
Insurance proceeds from Airedale fire 3.0 25.3
Costs to replace building and equipment damaged in Airedale fire (1.0) (37.9)
Proceeds from dispositions of assets 4.3 0.2
Other - net (1.6) 0.2
Net cash used for investing activities (405.2) (54.5)
Cash flows from financing activities:    
Borrowings of debt 475.4 29.0
Repayments of debt (113.2) (24.8)
Financing fees paid (8.5) 0.0
Purchases of treasury stock under share repurchase program 0.0 (2.1)
Dividend paid to noncontrolling interest 0.0 (0.9)
Other - net (0.3) (0.5)
Net cash provided by financing activities 353.4 0.7
Effect of exchange rate changes on cash (2.1) (0.6)
Net (decrease) increase in cash and cash equivalents (18.9) 11.0
Cash and cash equivalents - beginning of period 68.9 70.5
Cash and cash equivalents - end of period $ 50.0 $ 81.5